Chinese yards are dominating their rivals in securing Greek newbuilding business in what has become a $40bn spending spree by Hellenic firms.
According to TradeWinds figures, Chinese builders accounted for 266 of the 401 ships contracted by Greeks in 2023 and the first four months of 2024.
This is a natural reflection of price, shipbuilding capacity, slot availability and the progress in Chinese shipbuilding technology.
